Estill, SC Joins Sparta Commercial's Municipal Lease Program

Published 8:30 AM ET Thu, 8 Oct 2015
Globe Newswire

New York, NY, Oct. 8, 2015 (GLOBE NEWSWIRE) -- Sparta Commercial Services, Inc. (OTCQB: SRCO) announced today that Estill, SC, with a transaction to acquire new Dodge Charger police vehicles to replace older models for its police department, is now the nineteenth and most recent jurisdiction in the Carolinas to choose Sparta's Municipal Lease Program to meet its essential equipment needs.

The Sparta Program's popularity among cities and towns around the country reflects both outstanding word-of-mouth between government officials, and a growing recognition among decision makers regarding the economic advantages of leasing over having to pay for costly equipment entirely up front through full cash outlays. By selecting the Sparta Municipal Lease Program for its major equipment needs, the costs can be spread over time and thereby give more flexibility to a municipality's budgeting considerations.

Amy Hill, the Fleet Manager at Butler Chrysler Dodge Jeep, the dealership who supplied the vehicles, said, "We have dealt with Sparta over and over again with a myriad of jurisdictions in both South and North Carolina, and Sparta always makes sure it's an easy experience for the police department and for our dealership. They ensure the department gets the financing they need and they always fund us very quickly."

In addition to police cars and trucks, the Sparta Municipal Lease Program can accommodate almost any essential-use asset, from school buses to municipal trucks, from police gear to tactical vehicles, from surveillance equipment to fire engines, from emergency services vehicles to ambulances, and much more. For further information visit www.spartamunicipal.com, or call 800-882-0778.

About Sparta Commercial Services, Inc.

Sparta Commercial Services, Inc. (http://spartacommercial.com/) is a leader, in developing, managing, and servicing custom mobile apps for dealer networks and businesses, in providing motor vehicle history reporting to dealers and consumers, and offering and administering vehicle and capital lease programs for municipalities.

Sparta's Mobile Applications Division offers two customizable mobile app products specifically designed for vehicles dealers and for small and growing companies.

iMobileApp (http://imobileapp.com/) is the newest mobile app product from Sparta - providing diverse small and growing companies with a customized mobile app for their businesses, at a fraction of the cost of traditional and web marketing.

Specialty Mobile Apps (http://www.specialtymobileapps.com/) is a product that gives vehicle dealers their own branded mobile app. The app allows dealers to stay in contact with their customers and communicate upcoming and ongoing promotions, special events, new and used inventory, and more.

Sparta's Municipal Leasing Division (http://spartamunicipal.com/) offers and administers a specialized municipal leasing program for local and state agencies. The Company is dedicated to serving jurisdictions with small and growing vehicle fleets who seek a better and more economical way to finance their essential equipment needs - from police motorcycles and cruisers, to EMS equipment and busses, to virtually any type of equipment a municipality requires. The Municipal Leasing Division also works with larger jurisdictions to provide competitive leasing facilities for specific segments of their fleet portfolio.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such statements are valid only as of today and we disclaim any obligation to update this information. Actual results may differ significantly from management's expectations. These forward-looking statements involve risks and uncertainties that include, among others, risks related to potential future losses, competition, financing and commercial agreements and strategic alliances, seasonality, potential fluctuations in operating results and rate of growth, management of potential growth, system interruption, consumer and industry trends, limited operating history, and government regulation. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by the Company or any other person that the objectives and plans of the Company will be achieved. Further information regarding these and other risks is described from time to time in the Company's filings with the SEC, which are available on its website at: http://www.sec.gov.